PIRAEUS, GREECE--(Marketwire - October 14, 2010) - Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) announced the completion of its follow-on public offering of 6,325,000 common units, which includes the full exercise of the underwriter's over-allotment option, at $17.65 per unit, raising gross proceeds of approximately $111.6 million.

In connection with the offering, Navios Partners had granted the underwriters a 30-day option to purchase up to an additional 825,000 common units to cover over-allotments, which option was exercised in full on October 8, 2010.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This offering may be made only by means of a prospectus supplement and accompanying base prospectus.